Well, if your company owned vehicles, you must already have an auto liability insurance policy exists that covered the company vehicles. But, did you check if there is coverage provided for non-owned auto vehicles? Non-owned auto vehicles refers to those cars that are not owned by your company, maybe your employee or being rented, that are used for your company business needs.
Normally, a business auto insurance policy only insured your company vehicles and does not coverage non-owned auto vehicle. Therefore, it is important that you find out if they are included and if they are not, you might want to consider adding them.
It is quite normal nowadays for employees to drive their own personal vehicle for company business needs. Usually, the personal auto insurance policy will not provide coverage for business usages. So, there is some risk area that are not covered when a non-owned vehicles is being used for business needs and when they are involved in accident. As a company, it is good to include non-owned auto liability insurance to help protect any possible risk arise out of an accident.
If your company does not own any auto vehicles and you are renting car for business needs, it is good to talk to an insurance company to see if you can buy a business auto insurance coverage that provides both hired and non-owned vehicles usage. Hired coverage will provide the business vehicle rental portion and the non-owned portion will provide coverage for employees using their personal vehicles for the business needs.
Take note that it is important to have sufficient auto insurance coverage in place if you ever utilized vehicle for your company business needs. There is also a possibility of financial burden that falls on you in the event of any accident if you are not covered. So, take some times and find out more about non-owned auto insurance.
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